Business news from Ukraine

Business news from Ukraine

Naftogaz Group increased gas production by 7%

11 October , 2024  

In January-September 2024, the companies of the Naftogaz Group – JSC Ukrgasvydobuvannya and PJSC Ukrnafta – produced more than 11 billion cubic meters of commercial gas, which is 0.7 billion cubic meters more (about 7%) than in the same period in 2023, the group reported on its website.
“We continue to increase Ukrainian gas production. We are 2% higher than the planned production volumes. I am grateful to the teams for managing to achieve their goals even in the face of war. We will continue to support the trend of developing Ukraine’s energy independence,” said Oleksiy Chernyshov, Chairman of Naftogaz Group.
He noted that this heating season, as in the past, Naftogaz plans to provide the population of Ukraine and other categories of public service obligations exclusively with its own resources.
As reported with reference to Chernyshov, Naftogaz Group produces 43-44 million cubic meters of gas daily, with total daily production in Ukraine amounting to 53 million cubic meters (which is approximately 83% of the total).
Naftogaz’s consolidated quarterly report says that the group’s forecasted commercial gas production for 2024 is expected to reach 14.6 billion cubic meters. In February, Chernyshev said that the group’s goal for this year is to get closer to 15 bcm of production.

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